Which of the following exchanges qualifies for nonrecognition treatment as a § 1031 like-kind exchange?
A)Airplane used in a business for 1,000 shares of Blue, Inc., stock.
B)Computer used in a business for wooden filing cabinets to be used in a business.
C)Female cow for a male cow.
D)Land in Spain for land in Florida.
E)None of the above.

Question

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The Answer of Which of the following exchanges qualifies for nonrecognition treatment as a § 1031 like-kind exchange?
A)Airplane used in a business for 1,000 shares of Blue, Inc., stock.
B)Computer used in a business for wooden filing cabinets to be used in a business.
C)Female cow for a male cow.
D)Land in Spain for land in Florida.
E)None of the above.

Which of the Following Exchanges Qualifies for Nonrecognition Treatment as a §